Alexander Mashinsky, former CEO of the bankrupt cryptocurrency lender Celsius Network, had his assets frozen by a federal court in New York on August 16, 2023. The restraining order, which was made public on September 5, included several bank accounts and real estate owned by Mashinsky or entities under his control. The court found probable cause that the property of Mashinsky is involved in the proceeds of securities fraud, wire fraud, market manipulation, and money laundering. Mashinsky was arrested in July 2023 on charges of fraud brought by the U.S. Securities and Exchange Commission (SEC), accusing him and Celsius of misleading investors and manipulating the price of Celsius’s own crypto token, CEL. Celsius filed for bankruptcy last year amid a market downturn that led to the collapse of several other crypto-related firms. Mashinsky has denied the allegations leveled against him and intends to “vigorously” defend his reputation and the legacy of his contributions to the crypto sector. His arrest and the subsequent freezing of his assets coincide with an intensified crackdown on fraud in the crypto industry by regulators and law enforcement agencies.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	negative
Relevance Score	9
People	Jonathan Ohring, Alexander Mashinsky
Companies	Celsius Network, SEC, U.S. Securities and Exchange Commission, Jonathan Ohring, bankruptcy court
Currencies	Ethereum, Bitcoin, Celsius Network, US Dollar
Securities	None